VINCI SA (DG.PA)

FR0000125486 - Common Stock

105.75  +0.45 (+0.43%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to DG. DG was compared to 38 industry peers in the Construction & Engineering industry. While DG belongs to the best of the industry regarding profitability, there are concerns on its financial health. DG has a decent growth rate and is not valued too expensively. Finally DG also has an excellent dividend rating.



7

1. Profitability

1.1 Basic Checks

In the past year DG was profitable.
In the past year DG had a positive cash flow from operations.
Each year in the past 5 years DG has been profitable.
DG had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

DG's Return On Assets of 3.97% is fine compared to the rest of the industry. DG outperforms 70.27% of its industry peers.
The Return On Equity of DG (16.73%) is better than 67.57% of its industry peers.
DG has a better Return On Invested Capital (8.32%) than 67.57% of its industry peers.
DG had an Average Return On Invested Capital over the past 3 years of 6.83%. This is below the industry average of 9.54%.
The 3 year average ROIC (6.83%) for DG is below the current ROIC(8.32%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.97%
ROE 16.73%
ROIC 8.32%
ROA(3y)3.45%
ROA(5y)3.06%
ROE(3y)14.83%
ROE(5y)13.28%
ROIC(3y)6.83%
ROIC(5y)6.05%

1.3 Margins

DG's Profit Margin of 6.75% is fine compared to the rest of the industry. DG outperforms 78.38% of its industry peers.
In the last couple of years the Profit Margin of DG has remained more or less at the same level.
DG has a better Operating Margin (11.58%) than 86.49% of its industry peers.
In the last couple of years the Operating Margin of DG has remained more or less at the same level.
Looking at the Gross Margin, with a value of 77.32%, DG belongs to the top of the industry, outperforming 94.59% of the companies in the same industry.
DG's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 11.58%
PM (TTM) 6.75%
GM 77.32%
OM growth 3Y24.85%
OM growth 5Y1.42%
PM growth 3Y33.68%
PM growth 5Y-0.01%
GM growth 3Y-0.28%
GM growth 5Y-0.11%

2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so DG is still creating some value.
Compared to 1 year ago, DG has more shares outstanding
The number of shares outstanding for DG has been increased compared to 5 years ago.
Compared to 1 year ago, DG has an improved debt to assets ratio.

2.2 Solvency

DG has an Altman-Z score of 1.34. This is a bad value and indicates that DG is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.34, DG is not doing good in the industry: 67.57% of the companies in the same industry are doing better.
The Debt to FCF ratio of DG is 4.31, which is a neutral value as it means it would take DG, 4.31 years of fcf income to pay off all of its debts.
DG has a better Debt to FCF ratio (4.31) than 70.27% of its industry peers.
DG has a Debt/Equity ratio of 1.03. This is a high value indicating a heavy dependency on external financing.
DG has a worse Debt to Equity ratio (1.03) than 64.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.03
Debt/FCF 4.31
Altman-Z 1.34
ROIC/WACC1.46
WACC5.68%

2.3 Liquidity

A Current Ratio of 0.90 indicates that DG may have some problems paying its short term obligations.
The Current ratio of DG (0.90) is worse than 78.38% of its industry peers.
DG has a Quick Ratio of 0.90. This is a bad value and indicates that DG is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.87, DG perfoms like the industry average, outperforming 40.54% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.9
Quick Ratio 0.87

5

3. Growth

3.1 Past

The earnings per share for DG have decreased strongly by -21.15% in the last year.
The Earnings Per Share has been growing slightly by 2.06% on average over the past years.
Looking at the last year, DG shows a quite strong growth in Revenue. The Revenue has grown by 11.81% in the last year.
DG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.54% yearly.
EPS 1Y (TTM)-21.15%
EPS 3Y38.86%
EPS 5Y2.06%
EPS Q2Q%-45.76%
Revenue 1Y (TTM)11.81%
Revenue growth 3Y16.59%
Revenue growth 5Y9.54%
Sales Q2Q%8.92%

3.2 Future

The Earnings Per Share is expected to grow by 13.88% on average over the next years. This is quite good.
DG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.94% yearly.
EPS Next Y50.11%
EPS Next 2Y26.72%
EPS Next 3Y19.36%
EPS Next 5Y13.88%
Revenue Next Year5.69%
Revenue Next 2Y4.49%
Revenue Next 3Y3.88%
Revenue Next 5Y2.94%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.

6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 17.95 indicates a rather expensive valuation of DG.
The rest of the industry has a similar Price/Earnings ratio as DG.
DG's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.53.
The Price/Forward Earnings ratio is 11.96, which indicates a very decent valuation of DG.
DG's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.94, DG is valued a bit cheaper.
Industry RankSector Rank
PE 17.95
Fwd PE 11.96

4.2 Price Multiples

62.16% of the companies in the same industry are more expensive than DG, based on the Enterprise Value to EBITDA ratio.
DG's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. DG is cheaper than 72.97% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.28
EV/EBITDA 6.22

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of DG may justify a higher PE ratio.
A more expensive valuation may be justified as DG's earnings are expected to grow with 19.36% in the coming years.
PEG (NY)0.36
PEG (5Y)8.73
EPS Next 2Y26.72%
EPS Next 3Y19.36%

8

5. Dividend

5.1 Amount

DG has a Yearly Dividend Yield of 4.31%, which is a nice return.
Compared to an average industry Dividend Yield of 3.26, DG pays a better dividend. On top of this DG pays more dividend than 81.08% of the companies listed in the same industry.
DG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
Industry RankSector Rank
Dividend Yield 4.31%

5.2 History

The dividend of DG is nicely growing with an annual growth rate of 10.03%!
Dividend Growth(5Y)10.03%
Div Incr Years2
Div Non Decr Years2

5.3 Sustainability

DG pays out 48.77% of its income as dividend. This is a bit on the high side, but may be sustainable.
DG's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP48.77%
EPS Next 2Y26.72%
EPS Next 3Y19.36%

VINCI SA

EPA:DG (7/17/2024, 5:29:55 PM)

105.75

+0.45 (+0.43%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap60.31B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 4.31%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 17.95
Fwd PE 11.96
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.36
PEG (5Y)8.73
Profitability
Industry RankSector Rank
ROA 3.97%
ROE 16.73%
ROCE
ROIC
ROICexc
ROICexgc
OM 11.58%
PM (TTM) 6.75%
GM 77.32%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.59
Health
Industry RankSector Rank
Debt/Equity 1.03
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 0.9
Quick Ratio 0.87
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-21.15%
EPS 3Y38.86%
EPS 5Y
EPS Q2Q%
EPS Next Y50.11%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)11.81%
Revenue growth 3Y16.59%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y